🎣 Can Freight Brokerage Be Automated?
Plus: An infamous double broker is exposed as a DEA informant, Arrive Logistics releases its May freight market update, and more.
Despite revenue declines, Universal Logistics outperforms in Q4. CEO sees potential uptick in H2 2024.
XPO stock has risen by 63% over the past six months, outperforming bitcoin's 52% increase.
We're covering Q4 2023 earnings summaries for ArcBest, Marten Transport, and Werner Enterprises: financials and future outlooks.
C.H. Robinson's Q4 2023 earnings report showed a decline in gross profits by 20% to $609.3 million, and income from operations decreased by 34.5% from a year earlier.
TriumphPay turns EBITDA-positive amid freight recession, launching LoadPay for truckers in mid-2024.
TFI International acquires Daseke for $1.1 billion, doubling its TL revenue and considering spinning off its truckload unit.
Lineage Logistics gears up for a major IPO, set to raise the bar in cold storage and logistics with a $30B+ valuation.
Hyliion Holdings Corp. makes a strategic move, exiting the Class 8 electric powertrain business to concentrate on the fuel-agnostic Karno stationary generator.
C.H. Robinson's operating income is down 60%.
Knight-Swift's Q3 2023 earnings report shows ups and downs, with revenue surpassing estimates but profits taking a hit.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
Old Dominion Freight Line's August performance rebounded after Yellow Corp's shutdown, with revenue resilience and growth.
Keep up with the freight broker world in 5 minutes. The fastest & most entertaining way to digest freight broker news.